The college class of 2012 is in for a rude welcome to the world of work.
A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge.
Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans.
They are getting screwed, and they have nothing to complain about.
Their elders sold them college as a chance to a better life. That created a vast horde of people who want to go to college; on top of that, affirmative action, inclusion of the mentally retarded, and teaching of propaganda have made high school education worthless.
Thus college was also dumbed down.
Now everyone who scores above a 105 on an IQ test can go to "college," which has made college degrees near-worthless. Graduate education, certification and job experience are now required.
Until you get those, you're just chattel. But you're educated(tm).
This is why there is nothing to complain about: the people wanted more education and better jobs, and by all climbing into that boat, they sunk it lower into the water. Now they take on more debt for less reward.
They would have been better off just strengthening a high-school education. Of course, that would have meant norming it to a 110 IQ instead of a 90 as it is now. That's racist/sexist/who knows what.